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May 25, 2021


Japanese Hardgoods Brands Improve in March Quarter

Daiwa fishing and golf owner Globeride reported net income of ¥123 million ($1.2 mm) in its final fiscal quarter ended Mar. 31, against a loss of ¥835 million last year, on a 14% improvement in revenues to ¥24,888 million ($235.0 mm) from ¥21,922 million.

CZ Completes Colt Acquisition

Česká Zbrojovka Group SE closed its acquisition of the 175-year-old American gunmaker and its Canadian subsidiary that was announced in Feb.

Peloton Faces Another Shareholder Suit

Making similar claims to the earlier shareholder class action filed late last month, a new suit in Ea. NY federal court accuses PTON, CEO John Foley, and CFO Jill Woodworth, of violating securities laws under the Exchange Act.

Deckers Launches Sandal Suit Salvo

DECK is suing five companies in Cen. CA federal court in separate, but substantially similar actions that accuse them of knocking off its Sanuk Yoga Sling trade dress with various sandal models.

VF Corp. Brands Sue Amazon Seller

VFC’s The North Face, Vans, and TBL Licensing are accusing JPS Products, which sells on Amazon Marketplace as Prime Shipping Fast, of representing closeout or liquidation merchandise from the TNF, Vans, Timberland and SmartWool brands as new.

Nike and CBP Team Up on Counterfeits

The Eager Beavertons are donating proprietary technology that will help U.S. Customs and Border Protection authenticate a variety of Swoosh merchandise to help prevent counterfeits from entering the country.

Etcetera: REI, Hibbett, Club Champion, Hurley, Polygiene, Blizzard-Tecnica

 
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